Cost of Living in Parsons, KS
Housing
The housing market plays a significant role in determining the cost of living in Parsons, KS.
- Housing Index: 93.4 / 100
- Median Home Price is: $134,000
- Average Rent (2 BR Apartment): $1299 per month
- Average Rent (2 BR House): $1412 per month
In Parsons, KS, the housing market exhibits a favorable Housing Index of 93.4. With a median home price of just 134000, homeownership seems accessible compared to the national average. Additionally, both average rents for a 2-bedroom apartment and house are equivalent at 1299. These figures suggest that individuals looking to move here will find a stable market, which may offer investment potential as rents hold steady. Balancing these rental options against the purchase price could assist in making informed financial decisions regarding living in Parsons.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parsons, KS.
- Electricity Price: $14.22 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $215 per month
Living in Parsons, KS could entail higher utility costs. Electricity costs sit at $14.22, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $215 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Parsons is a financially viable option for your relocation.